Lord Abbett Correlations

ISFAX Fund  USD 16.49  0.04  0.24%   
The current 90-days correlation between Lord Abbett Diversified and Principal Lifetime Hybrid is 0.11 (i.e., Average diversification). The correlation of Lord Abbett is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Lord Abbett Correlation With Market

LordDowDiversified AwayLordDowDiversified Away100%

Very weak diversification

The correlation between Lord Abbett Diversified and DJI is 0.52 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lord Abbett Diversified and DJI in the same portfolio, assuming nothing else is changed.
  
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Lord Abbett Diversified. Also, note that the market value of any mutual fund could be closely tied with the direction of predictive economic indicators such as signals in nation.

Moving together with Lord Mutual Fund

  0.71ELMFX Lord Abbett TrustPairCorr
  0.71ELMCX Lord Abbett TrustPairCorr
  0.79HYMOX Lord Abbett HighPairCorr
  0.82HYMQX Lord Abbett ShortPairCorr
  0.78HYMAX Lord Abbett HighPairCorr
  0.78HYMCX Lord Abbett HighPairCorr
  0.79HYMFX Lord Abbett HighPairCorr
  0.79HYMIX Lord Abbett HighPairCorr
  0.93LGCAX Lord Abbett GlobalPairCorr
  0.89LGCFX Lord Abbett GlobalPairCorr
  0.93LGCCX Lord Abbett GlobalPairCorr
  0.93LGCRX Lord Abbett GlobalPairCorr
  0.92LGCOX Lord Abbett GlobalPairCorr
  0.92LGCVX Lord Abbett GlobalPairCorr
  0.89LGCSX Lord Abbett GlobalPairCorr
  0.92LGCYX Lord Abbett GlobalPairCorr
  0.92LGCWX Lord Abbett GlobalPairCorr
  0.68LGLFX Lord Abbett GrowthPairCorr
  0.68LGLOX Lord Abbett GrowthPairCorr
  0.69LGLQX Lord Abbett GrowthPairCorr
  0.68LGLRX Lord Abbett GrowthPairCorr
  0.68LGLUX L Abbett GrowthPairCorr
  0.68LGLVX L Abbett GrowthPairCorr
  0.75EMILX Lord Abbett EmergingPairCorr
  0.92LGOFX Lord Abbett GrowthPairCorr
  0.92LGOQX Lord Abbett GrowthPairCorr
  0.88LGORX Lord Abbett GrowthPairCorr
  0.92LGOPX Lord Abbett GrowthPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Lord Mutual Fund performing well and Lord Abbett Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Lord Abbett's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

Trending Assets

KCGSX
Knights Of Umbus
21.58  0.04  0.19 
GGRYX
Growth Allocation
13.21  0.11  0.84 
PLHTX
Principal Lifetime Hybrid
17.17  0.01  0.06 
DFELX
Enhanced Large Pany
15.54  0.16  1.04